Cambridge Investment Research Advisors Inc. Buys 3,642 Shares of Shake Shack, Inc. (NYSE:SHAK)

Cambridge Investment Research Advisors Inc. boosted its stake in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) by 157.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,957 shares of the company's stock after buying an additional 3,642 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Shake Shack were worth $525,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nemes Rush Group LLC acquired a new position in Shake Shack in the fourth quarter worth approximately $29,000. Harvest Fund Management Co. Ltd acquired a new position in Shake Shack in the fourth quarter worth approximately $32,000. Farther Finance Advisors LLC increased its holdings in Shake Shack by 939.3% in the first quarter. Farther Finance Advisors LLC now owns 291 shares of the company's stock worth $26,000 after buying an additional 263 shares during the last quarter. Garde Capital Inc. acquired a new position in Shake Shack in the first quarter worth approximately $35,000. Finally, Princeton Global Asset Management LLC acquired a new position in Shake Shack in the first quarter worth approximately $44,000. Institutional investors and hedge funds own 86.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Sanford C. Bernstein set a $166.00 price objective on Shake Shack and gave the stock an "overweight" rating in a report on Thursday, June 26th. TD Securities reaffirmed a "hold" rating and set a $105.00 target price on shares of Shake Shack in a research report on Thursday, June 26th. BTIG Research cut Shake Shack from a "buy" rating to a "neutral" rating in a research report on Monday, June 2nd. Wells Fargo & Company lifted their target price on shares of Shake Shack from $95.00 to $115.00 and gave the stock an "equal weight" rating in a report on Friday, May 30th. Finally, Stifel Nicolaus dropped their target price on shares of Shake Shack from $120.00 to $97.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Shake Shack has a consensus rating of "Hold" and an average target price of $124.90.

Insider Activity

In other Shake Shack news, CFO Katherine Irene Fogertey sold 670 shares of Shake Shack stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $140.03, for a total transaction of $93,820.10. Following the completion of the transaction, the chief financial officer directly owned 32,495 shares of the company's stock, valued at approximately $4,550,274.85. This trade represents a 2.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel Harris Meyer sold 14,200 shares of Shake Shack stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $140.31, for a total value of $1,992,402.00. Following the transaction, the director directly owned 337,984 shares of the company's stock, valued at approximately $47,422,535.04. The trade was a 4.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,391 shares of company stock worth $11,869,925. 9.73% of the stock is owned by company insiders.

Shake Shack Price Performance

Shares of Shake Shack stock traded down $1.97 during trading on Friday, hitting $140.06. 324,658 shares of the company's stock traded hands, compared to its average volume of 1,204,120. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.91 and a quick ratio of 1.88. The firm's fifty day moving average price is $124.93 and its 200 day moving average price is $111.43. Shake Shack, Inc. has a twelve month low of $72.93 and a twelve month high of $144.65. The company has a market cap of $5.98 billion, a PE ratio of 499.81, a PEG ratio of 3.33 and a beta of 1.77.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Shake Shack had a net margin of 0.97% and a return on equity of 8.45%. The business had revenue of $320.90 million for the quarter, compared to analyst estimates of $330.24 million. During the same quarter last year, the firm posted $0.13 earnings per share. Shake Shack's revenue was up 10.5% on a year-over-year basis. Analysts forecast that Shake Shack, Inc. will post 1.26 earnings per share for the current year.

Shake Shack Company Profile

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is headquartered in New York, New York.